Recently, Yufeng District Government and Zhejiang Wanchao Electrical Appliances Co., Ltd. held a signing ceremony, signed the agreement of Zhejiang Wanchao Co., Ltd. to invest in Luowei Industrial Concentration Zone.

Zhejiang Wanchao Electrical Appliance Co., Ltd. is a member of China Automotive Parts and Electronics Development Center. The company mainly produces six series of automotive electrical products: automotive combination switch, automotive ignition lock, automotive backing radar, electric brake device, automotive electric skylight, remote control door lock. The project covers an area of 50 mu, with a total investment of 180 million yuan and an estimated annual output value of more than 500 million yuan.